News Updates

Fannie Mae Releases Results of Reperforming Loan Sale Transaction

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Fannie Mae has released the results of its 13th reperforming loan sale transaction. The deal, which was announced Aug. 13, 2019, included the sale of approximately 29,400 loans totaling $5.1 billion in unpaid principal balance, divided into six pools. The winning bidders of the six pools for the transaction were Goldman Sachs Mortgage Company for Pool 1; Towd Point Master Funding LLC for Pools 2, 3, 4; NRZ Mortgage Holdings,

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Digital home-buying platform Prevu has raised $2 million in seed funding. The round, which was led by Corigin Ventures, closed September 12. Rather than focus on the seller experience, Prevu was designed for buyers. Prevu’s Smart Buyer platform equips buyers with the tools and advice they need to guide them through the early phases of the homebuying process. The company’s agents are on hand to answer questions and assist buyers

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Keller Williams has awarded a new master license in Japan. The real estate technology franchise now has more than 50 market centers and 2,164 agents across 10 countries and regions in Asia. Since launching in 2012, Keller Williams Worldwide now has more than 200 market centers, operating outside of the U.S. and Canada, across 39 regions globally. Collectively, Keller Williams Worldwide has more than 9,469 agents, a 36.3% increase since

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Auction.com, the nation’s largest distressed real estate marketplace, released its Q2 2019 Seller Strategy report on September 3. The report provides data-driven insights for several key disposition metrics, including time to sell, sales execution and neighborhood stabilization. The study examined various disposition strategies used during the last year for more than 23,000 properties that went to foreclosure auction in the second quarter of 2018 via the Auction.com platform. The platform

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Award-winning fintech platform Fund That Flip has raised $11 million from growth equity firm Edison Partners. The company, launched in 2014, plans to use the capital to expand its market share of the trillion-dollar residential real estate investment industry. Fund That Flip provides short-term loans to experienced real estate redevelopers who buy and renovate residential properties. After origination, Fund That Flip offers accredited and institutional investors the opportunity to purchase

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First American Financial Corporation’s April 2019 First American Real House Price Index reveals that: Real house prices decreased 0.9% between March 2019 and April 2019. Real house prices declined 0.72% between April 2018 and April 2019. Consumer house-buying power—how much one can buy based on changes in income and interest rates—increased 1.5% between March 2019 and April 2019, and increased 6.7% year over year. Average household income has increased 2.7%